Mexican Media Brands
Fed Signals “Live Possibility” of Rate Hike in December
Federal Reserve Chair Janet Yellen tells a Congressional committee that, pending sufficiently good news about the American economy, there’s a “live possibility” the central bank will raise interest rates in December for the first time in seven years.
#economics
Share
Federal Reserve Chair Janet Yellen tells a Congressional committee that, pending sufficiently good news about the American economy, there’s a “live possibility” the central bank will raise interest rates in December for the first time in seven years.
The Fed’s key inter-bank lending rate has been at 0%-0.25% since the end of 2008. Yellen reiterates that the bank will begin to slowly raise the rate when it feels confident the American economy’s job market will continue to improve and inflation shows signs of returning to the Fed’s 2% target “over the medium term.”
If economic data supports that expectation, she says, then a December rate adjustment would be appropriate. The Fed’s policy committee will meet for the last time this year in mid-December.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.